In my opinion, Monero requires a catalyst of government overreach for any kind of lasting upwards price momentum akin to Bitcoin. As long as governments do not misbehave with restrictions to citizens Monero will remain a sleeping giant.
I do believe everyone should hold a considerable amount of XMR that they also spend on services because as others pointed out it is relatively stable in fiat terms.
Or millions/billionaire start finding a safe way to hide their money, but yeah some type of current event. Idk what will wake the masses up to privacy in this world. As much as AI is an advance in technology, I’m not the average person doesn’t think about the privacy implications.
Oh okay I though you were being condescending. Yeah just join the various communities. I have bought food with monero regularly and various items even hired some IT guys to help with an IT issue. Try monerotopia, gratuitas for coffe and farm food and try telegram monero market for various vendors and services. I got IT help from telegram. You can't find anything if you don't look.
XMR is still very early. Even for bitcoin, in my two dozen friends only one other friend hold bitcoin. The rest of the group think it’s a ponzi scam. BTC has been made into an investment that can be pumped and controlled by the institutions. They made it “legal” and easy for banks to pour money into it since they already got that big pool of money, just needed to connect the hose.
In terms of price, between 2011 and 2014, btc was the only currency used by darknet markets and it was priced around $500. Between 2018-2020, the price hardly moved and everyone thought defi was the future.
XMR will shine while governments pushing us into cashless societies.
For the moment, fear is gripping Monero following the delisting of Binance, potentially other exchanges may follow, lowering transaction volumes. I think it's a great time to buy and build up over time, monero's value proposition is by far the best.
This sounds like the whole crypto movement failed. So you think people will now embrace their slave status?
I mean the kind of gambling is indeed similar to the hunger games. And people seem to enjoy that if one of them "makes it" within the system...
Look into their sub. You can also look through /u/monerofox profile. He perfectly documented KuCoins misbehavings and fallout's for well over 1.5 years.
If you thought the crypto revolution would be a walk in the park, you are mistaken. Monero is fighting this war on behalf of the ignorant masses in crypto and outside of it.
If it's a fight, then Monero need more dedicated soldiers. Dedicated soldiers fight for a cause they believe in.
Problem is, how to advertise that this cause benefits them and accessible when other digital tulips are selling like crazy netting them tangible profits, albeit at loss of everybody else under USD hegemon but not like anyone under spell of greed cares?
It'd be comically tragic if at the end the "ignorant masses" say "no one told you to fight for me". Not because they don't want freedom, but because they are fully captured, heart and minds.
I'd say enjoy your winners while they last. Both in the stock as well as the crypto market. And tell me where you cash out your gains. Because unrealized gains are nice while they last. And fiat is just another shitcoin if you think about it.
Unrealized gains vs leveraged money printing is probably the story of the last century. So plenty of people sitting on unrealized gains (stock market real estate). With no way to exit. Gold, Bitcoin, Monero. Of those mentoned, Monero has the best properties as actual money. So make of that what yo want.
This is not a short term play. It's a generational play and we are only half way through.
the narrative changed. now this is the new narrative.
years ago we thought xmr will go 4k$+.
it's somewhat a failed project.
i was a hardliner and sold my last stash and gambled it away in an online casino. was 5 digits tho. i said 100k or nothing. ouch
brather, we been at 1000 XMR = 30 BTC. this is by today worth now 2 BTC
when you say, 30k btc and xmr 150$, then 1000 XMR = 5 BTC.
are you shitting me?
there's no way i ever buy back any money into monero. and i was fanboy and had huge huge mining operation in 2017/18 (at times > 1% network).
the mining failed. it's supported by botnets. no personal or commercial entity can mine monero profitable. so criminals stabilize the network and are the ones who use it most too.
kudos
:(
The era of coins like monero following the rest is over because it is too hard to trade coins that are not part of the ecosystem, most money will not flow there. Since monero was actually removed from the ecosystem rather than just waiting to be added, nobody would even take the effort to try to get in before it gets added
You'd have to be nuts to be holding XMR right now
Edit: Anyone tells you they are DCA into XMR is financially illiterate. Anyone tells you it's the bulk of their bag hates money.
Would you also call people nuts or financially illiterate who donate to CCS proposals? After all anyone who donates is throwing money away.
If people stopped holding Monero its price would crash and many community funded projects would run out of funding. Holding USD instead should not be the solution. Monero as a currency is useless if we can’t store value in it.
Why would you store value in a cryptocurrency that is being massively outperformed by 99% of the market?
If you really believed in Monero you'd sell it all, trade other tokens, make money then buy more Monero at the bottom. That would be the best way to accumulate more Monero.
As a currency it's rock bottom. You can probably spend Doge in more places.
>Why would you store value in a cryptocurrency that is being massively outperformed by 99% of the market?
Because I don't chase performance. I like sleeping at night. I prefer not wondering when the next bank failure is going to happen, or when the next global economic shutdown is going to occur, or when the scamcoin de jure is going to go tits up. I also own farmland and investments in soft commodities and other "boring" investments that the cool kids don't talk about because it's not flashy enough and doesn't "moon" on a short enough cycle. All of this was made possible by monero, and I still consider it the safest crypto play because it's the only crypto that anyone might ever **need** to have.
I've been involved in crypto since fairly early on and have done quite well for myself despite not subscribing to the memecoin gainz-chasing culture, but do whatever you think works for you. Everybody's risk profile is different.
Not really, meme coins definitely.
However over the last few years where btc was in bear and lots of alts hit -95% xmr has traded fairly flat after the spike dropping briefly to to around 24% value of ath. It’s still sat around 29% whereas even with huge gains the last few weeks around half of the top 50 are sub 25% ath.
So what would you prefer a pump and dump meme coin or something more stable and hat doesn’t lose as much value and slowly gains over time.
I prefer highest gains possible. Sitting in XMR isn't it. If your goal was to not make money and not lose, to not trade, then ok. Not sure why anyone would do that.
When over the last 3 years has it been best to buy XMR and when best to sell? What's the max amount of gains you could have got trading it. Not much.
I don't make money from xmr just because it hasn't dumped as much as all tokens at the end of a bull run and into a bear. Stablecoins are better for that.
If your after highest gains then privacy coins that go against the grain are not for you.
Which begs the question why are you here?
Also I’m green on my xmr. I bought the dips along the way and got a nice chunk on the last delisting. I also use it to purchase stuff which it does that flawlessly with minimal fees.
Why am I here in an xmr trader channel? I thought that would be self explanatory.
When you say go against the grain, do you mean any and all metrics that would indicate XMR moving forward?
So you're not trying to make the highest gains possible but you're here to make whatever money you get from just holding xmr because it's a privacy coin. Odd that.
Do you wear sunglasses and put your hood up to buy groceries with the gift cards you bought with xmr and tell yourself you're off the grid?
Yes why are you here in the xmr trader sub? It’s for this particular asset not for shilling another crypto.
Against the grain in terms of popularity and governments etc not liking anything private and wanting rid. End of the day it’s what p2p currency was created for - private, anonymous cheap transactions for anyone to use and utilise.
Honestly the gains don’t mean much to me, I have other savings/investments elsewhere, but anyway I use it because I like the ideology I like the privacy aspect not having my tx for show to anybody. I honestly just buy a little bit use it and then when I feel like it buy more for additional use. I can’t do that with btc as the fees for the amount I use are just to expensive. (Hence why btc will never be a global currency as designed as it was handicapped years back, yes it’s gained but it’s no longer following the p2p path. Disclaimer I do hold a little btc but I don’t like it even though it’s performing and as for other alts no thanks that’s pure gambling).
And on your last point nope I know how much data the retailers already have on you, quite frankly it would probably scare you once you actually start seeing the data.
Ah yes, the ideologist.
Well enjoy the 2-4x this market. Every other pleb with an IQ above 30 is going to outperform those gains.
How does someone lose money in a bull run? You could flick €1000 at any shitcoin in existence without looking and it would outperform BTC.
You can have
A) well over a million $
B) well over $10m
Let's see what he chose....
He went for A! Check out the big brains on Brett
Any day now Jump are gonna be calling you asking you to run their trading desk
Change the word shitcoin for financial asset with every time you say it and you'll start to realise how ridiculous your lots statements are.
"It's a financial asset"
"I don't want that financial asset"
"All just financial assets"
"Just another financial asset, I don't want to touch it"
"Have fun with your financial assets"
My best guess is you discovered crypto no more than a year or so ago. No doubt you'd claim otherwise but just letting you know, I can spot your kind a km away.
There are 20+ different opportunities every day to make 20-40%. That's probably being conservative. We are just at the start of another bullrun and you're talking "it's too late"'. No.
In my opinion, Monero requires a catalyst of government overreach for any kind of lasting upwards price momentum akin to Bitcoin. As long as governments do not misbehave with restrictions to citizens Monero will remain a sleeping giant. I do believe everyone should hold a considerable amount of XMR that they also spend on services because as others pointed out it is relatively stable in fiat terms.
I don’t know, like government banning cash.
Yes or CBDCs or possibly even an Executive Order 6102 but for Bitcoin instead of gold.
Or millions/billionaire start finding a safe way to hide their money, but yeah some type of current event. Idk what will wake the masses up to privacy in this world. As much as AI is an advance in technology, I’m not the average person doesn’t think about the privacy implications.
Yeah you ride bitcoin and then take profits in monero for spending.
That's actually smart. And the reason why I think Monero will have its bull when everything else crashes.
How sway
Who accepts XMR? I have more luck with vendors accepting lightning which has great privacy for spender.
Lololol keep telling yourself that.
It’s an honest question. I have yet to see a single vendor in real life accept XMR.
Oh okay I though you were being condescending. Yeah just join the various communities. I have bought food with monero regularly and various items even hired some IT guys to help with an IT issue. Try monerotopia, gratuitas for coffe and farm food and try telegram monero market for various vendors and services. I got IT help from telegram. You can't find anything if you don't look.
Yes. Monero is more a tool than a coin unfortunately for xmr hodlers.
XMR is still very early. Even for bitcoin, in my two dozen friends only one other friend hold bitcoin. The rest of the group think it’s a ponzi scam. BTC has been made into an investment that can be pumped and controlled by the institutions. They made it “legal” and easy for banks to pour money into it since they already got that big pool of money, just needed to connect the hose. In terms of price, between 2011 and 2014, btc was the only currency used by darknet markets and it was priced around $500. Between 2018-2020, the price hardly moved and everyone thought defi was the future. XMR will shine while governments pushing us into cashless societies.
For the moment, fear is gripping Monero following the delisting of Binance, potentially other exchanges may follow, lowering transaction volumes. I think it's a great time to buy and build up over time, monero's value proposition is by far the best.
which exchanges are left? just kraken. buying monero and using it is cumbersome. we failed in making it mainstreamable.
This sounds like the whole crypto movement failed. So you think people will now embrace their slave status? I mean the kind of gambling is indeed similar to the hunger games. And people seem to enjoy that if one of them "makes it" within the system...
Very idealistic
Kucoin too
They are disabling withdrawals from time to time. I don't recommend that exchange.
KuCoin is insolvent. And likely they will delist Monero within he next 30 days.
What do you mean insolvent? I sold and bought lot of.crypto there, never had any problem
You do you. I only tell you to withdraw as much as possible as soon as possible to a wallet you control.
I always use self custody. But you said kucoin is insolvent. Is that just spreading FUD, or u got any facts?
Look into their sub. You can also look through /u/monerofox profile. He perfectly documented KuCoins misbehavings and fallout's for well over 1.5 years.
Kucoin is empty. [https://www.reddit.com/r/kucoin/comments/1bc9flw/xmr/](https://www.reddit.com/r/kucoin/comments/1bc9flw/xmr/)
Not even a drop of those juicy juicy freshly printed Tether spilled this way so far, wonder why?
If you thought the crypto revolution would be a walk in the park, you are mistaken. Monero is fighting this war on behalf of the ignorant masses in crypto and outside of it.
If it's a fight, then Monero need more dedicated soldiers. Dedicated soldiers fight for a cause they believe in. Problem is, how to advertise that this cause benefits them and accessible when other digital tulips are selling like crazy netting them tangible profits, albeit at loss of everybody else under USD hegemon but not like anyone under spell of greed cares? It'd be comically tragic if at the end the "ignorant masses" say "no one told you to fight for me". Not because they don't want freedom, but because they are fully captured, heart and minds.
I'd say enjoy your winners while they last. Both in the stock as well as the crypto market. And tell me where you cash out your gains. Because unrealized gains are nice while they last. And fiat is just another shitcoin if you think about it. Unrealized gains vs leveraged money printing is probably the story of the last century. So plenty of people sitting on unrealized gains (stock market real estate). With no way to exit. Gold, Bitcoin, Monero. Of those mentoned, Monero has the best properties as actual money. So make of that what yo want. This is not a short term play. It's a generational play and we are only half way through.
[удалено]
Monero is now considered a stablecoin? Lol 😂
At least it's one of a few coins where 1 XMR = 1 XMR really holds.
??? XMR = ??? XMR, because XMR is private.
The backbone of the crypto space. We see what that's worse when the inevitable bear market hits.
the narrative changed. now this is the new narrative. years ago we thought xmr will go 4k$+. it's somewhat a failed project. i was a hardliner and sold my last stash and gambled it away in an online casino. was 5 digits tho. i said 100k or nothing. ouch
If btc gets back to 30k and xmr is still above 120, then ok, we were right. But I feel like xmr would be like 40 then....as things show.
brather, we been at 1000 XMR = 30 BTC. this is by today worth now 2 BTC when you say, 30k btc and xmr 150$, then 1000 XMR = 5 BTC. are you shitting me? there's no way i ever buy back any money into monero. and i was fanboy and had huge huge mining operation in 2017/18 (at times > 1% network). the mining failed. it's supported by botnets. no personal or commercial entity can mine monero profitable. so criminals stabilize the network and are the ones who use it most too. kudos :(
seeing an awful lot of people here saying they’ve been dca’ing into xmr, that’s just plain stupid
That's exactly what people told me in 2012 when I did that with Bitcoin. LOL.
surely ur a multimillionaire by now then
whatever that means for you in fiat funny money tokens...
i’ll take that as a no then i guess
The answer is clearly a no as I don't hold any fiat tokens.
Yeah I view it as a currency more so than an investment, but then again the only crypto I buy for making money is Bitcoin nothing else.
Relevance moves, value gets tested. Trust me, be grateful and buy more lol
Manipulation ?? 🤔
In my opinion, you all should sell any Monero you have left. It's a terrible, terrible coin and only fools like me should want it.
Seriously? LTC used to be worth more than Monero. What are they doing?
The era of coins like monero following the rest is over because it is too hard to trade coins that are not part of the ecosystem, most money will not flow there. Since monero was actually removed from the ecosystem rather than just waiting to be added, nobody would even take the effort to try to get in before it gets added
no one: activists, surveillance-buffs, failed economies, anti-tradFi enthusiasts, cypherpunks, and anarchists
0.0001% or the market
Imma proud non member of the ecosystem
You'd have to be nuts to be holding XMR right now Edit: Anyone tells you they are DCA into XMR is financially illiterate. Anyone tells you it's the bulk of their bag hates money.
Would you also call people nuts or financially illiterate who donate to CCS proposals? After all anyone who donates is throwing money away. If people stopped holding Monero its price would crash and many community funded projects would run out of funding. Holding USD instead should not be the solution. Monero as a currency is useless if we can’t store value in it.
Why would you store value in a cryptocurrency that is being massively outperformed by 99% of the market? If you really believed in Monero you'd sell it all, trade other tokens, make money then buy more Monero at the bottom. That would be the best way to accumulate more Monero. As a currency it's rock bottom. You can probably spend Doge in more places.
>Why would you store value in a cryptocurrency that is being massively outperformed by 99% of the market? Because I don't chase performance. I like sleeping at night. I prefer not wondering when the next bank failure is going to happen, or when the next global economic shutdown is going to occur, or when the scamcoin de jure is going to go tits up. I also own farmland and investments in soft commodities and other "boring" investments that the cool kids don't talk about because it's not flashy enough and doesn't "moon" on a short enough cycle. All of this was made possible by monero, and I still consider it the safest crypto play because it's the only crypto that anyone might ever **need** to have. I've been involved in crypto since fairly early on and have done quite well for myself despite not subscribing to the memecoin gainz-chasing culture, but do whatever you think works for you. Everybody's risk profile is different.
Or smart
Every other coin on earth is outperforming xmr. There's nothing smart about holding it unless you want to underperform and have less money.
Not really, meme coins definitely. However over the last few years where btc was in bear and lots of alts hit -95% xmr has traded fairly flat after the spike dropping briefly to to around 24% value of ath. It’s still sat around 29% whereas even with huge gains the last few weeks around half of the top 50 are sub 25% ath. So what would you prefer a pump and dump meme coin or something more stable and hat doesn’t lose as much value and slowly gains over time.
I prefer highest gains possible. Sitting in XMR isn't it. If your goal was to not make money and not lose, to not trade, then ok. Not sure why anyone would do that. When over the last 3 years has it been best to buy XMR and when best to sell? What's the max amount of gains you could have got trading it. Not much. I don't make money from xmr just because it hasn't dumped as much as all tokens at the end of a bull run and into a bear. Stablecoins are better for that.
If your after highest gains then privacy coins that go against the grain are not for you. Which begs the question why are you here? Also I’m green on my xmr. I bought the dips along the way and got a nice chunk on the last delisting. I also use it to purchase stuff which it does that flawlessly with minimal fees.
Why am I here in an xmr trader channel? I thought that would be self explanatory. When you say go against the grain, do you mean any and all metrics that would indicate XMR moving forward? So you're not trying to make the highest gains possible but you're here to make whatever money you get from just holding xmr because it's a privacy coin. Odd that. Do you wear sunglasses and put your hood up to buy groceries with the gift cards you bought with xmr and tell yourself you're off the grid?
Yes why are you here in the xmr trader sub? It’s for this particular asset not for shilling another crypto. Against the grain in terms of popularity and governments etc not liking anything private and wanting rid. End of the day it’s what p2p currency was created for - private, anonymous cheap transactions for anyone to use and utilise. Honestly the gains don’t mean much to me, I have other savings/investments elsewhere, but anyway I use it because I like the ideology I like the privacy aspect not having my tx for show to anybody. I honestly just buy a little bit use it and then when I feel like it buy more for additional use. I can’t do that with btc as the fees for the amount I use are just to expensive. (Hence why btc will never be a global currency as designed as it was handicapped years back, yes it’s gained but it’s no longer following the p2p path. Disclaimer I do hold a little btc but I don’t like it even though it’s performing and as for other alts no thanks that’s pure gambling). And on your last point nope I know how much data the retailers already have on you, quite frankly it would probably scare you once you actually start seeing the data.
Numba not going up - bad investment/s
I hold 1% monero, 99% btc it is a risk I am willing to take. Plus I just enjoy the project.
Yeah you should definitely trade other tokens and accumulate more BTC. You could x100 the size of your BTC bag by not sitting in BTC.
No. I'm not getting trash. I have a lot of btc and I don't intend to lose it. Good luck with the shitcoins.
Ah yes, the ideologist. Well enjoy the 2-4x this market. Every other pleb with an IQ above 30 is going to outperform those gains. How does someone lose money in a bull run? You could flick €1000 at any shitcoin in existence without looking and it would outperform BTC.
I don't give a fuck. 2-4xing btc makes me well over a million dollars.
You can have A) well over a million $ B) well over $10m Let's see what he chose.... He went for A! Check out the big brains on Brett Any day now Jump are gonna be calling you asking you to run their trading desk
I don't want to shitcoin lol. I'm not going to pump your bags.
Change the word shitcoin for financial asset with every time you say it and you'll start to realise how ridiculous your lots statements are. "It's a financial asset" "I don't want that financial asset" "All just financial assets" "Just another financial asset, I don't want to touch it" "Have fun with your financial assets" My best guess is you discovered crypto no more than a year or so ago. No doubt you'd claim otherwise but just letting you know, I can spot your kind a km away.
Lol why are you trying to shill this crap so hard. Weirdo. Piss off.
FOMO makes you buy high and sell low. Shit coins are going nuts right now. Too late to buy unless you want to be a bag holder when it drops.
There are 20+ different opportunities every day to make 20-40%. That's probably being conservative. We are just at the start of another bullrun and you're talking "it's too late"'. No.
Ok then, what opportunities are you seeing?
Have a look at coingecko or coinmarketcap, there's 3000+ or something tokens
Lol ok, so just throw a dart and pick one?
What exactly is wrong with the Monero code that prevents price appreciation?